Bitcoin has undergone extreme volatility amid reports of stealing $60 million from the Japanese stock exchange Zaif

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On Wednesday evening, 19 September, the price of bitcoin over a short period of time first fell to $6100, and then went up rapidly, exceeding the mark of $6500.

Unusual pattern in the market was accompanied by reports of cracking of the Japanese stock exchange Zaif.

Just reported in Japan: Japanese Exchange Zaif hacked, 5966 BTC (USD 37million) stolen from hot wallet (stolen 5 days ago, and just reported now!). BCH and MONA also potentially stolen. //t.co/1VeKPb50nI

— Kay Kurokawa (@kaykurokawa) 19 September 2018

“Just reported from Japan: exchange Zaif hacked hot wallet stolen BTC 5966 (37 million USD). The theft occurred five days ago but was announced only now. It is also likely kidnapped by BCH and MONA”, — wrote on Twitter Kai Kurokawa, the developer of the platform LBRY.

In additional tweets Kurokawa says that the cost of damage is estimated at $60 million With two-thirds of the stolen coins were means of investors, and the rest belonged to the exchange. The exact amount of missing coins BCH and MONA, however, remains unknown.

According to the developer, exchange it took four days to detect a breach.

It took them 4 days to notice the hack. The fact that they do not know the missing amount of #BCH and #MONA is another sign of their complete operational incompetence. Is Mark Karpeles @MagicalTux running this place?

— Kay Kurokawa (@kaykurokawa) 19 September 2018

“What they don’t know the exact number of missing #BCH #MONA, this is another sign of complete incompetence. There’s the Director Karpeles @MagicalTux?”, — sarcastically asked Kurokawa, referring to the former head of Mt. Gox Mark Karpeles.

On the website Zaif meanwhile, it was reported, in which the fact of hacking the stock exchange is confirmed. When this unusual activity began on September 14. The exchange also said to stop the withdrawals and receiving deposits.

【重要】現在発生している仮想通貨の入出金停止に関する経緯と今後の対応について、当社のプレスリリースより詳細をご報告しておりますので、ご一読をお願いいたします。//t.co/Foy9Me6K0v

— Zaif — 暗号通貨取引所 (@zaifdotjp) 19 September 2018

Despite the fact that the news about hacking Zaif has led to a sharp decline in the price of bitcoin, literally 10 minutes later she promptly went up. This time the reason apparently was the purchase of a $ 5 million market contracts XBTUSD price of $6469.2 on the stock exchange BitMEX.

⬆ This [19:28:12 UTC] BitMEX XBTUSD 5,000,000 contracts market bought at 6,469.2 with 3.2 slippage

— Bitmex Whale (@BitmexWhale) 19 September 2018

The user WhalePanda also reminded that today, September 19, expire contracts for bitcoin-futures exchange CBOE:

CBOE Bitcoin futures expiry today. pic.twitter.com/xbL2l6rpKP

— WhalePanda (@WhalePanda) 19 September 2018

At the time of publication bitcoin, take the number of exchanges to $6510, somewhat corrected and is trading around $6425.

ForkLog continues to monitor developments. Subscribe to our news via Telegram: ForkLog Live — all news, ForkLog — the most important news and polls.

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